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Hazlet adopts cap bank ordinance to increase 2026 budget by 1% ($202,354)
Summary
The Hazlet Township Committee on April 28 adopted Ordinance 1793-26 to exceed budget appropriation limits and establish a 1% cap bank for CY 2026, adding $202,354.15 to municipal budget authority; no public comment was voiced at the hearing.
The Hazlet Township Committee on April 28 adopted Ordinance 1793-26, authorizing a 1% increase to the township’s 2026 budget — an additional $202,354.15 — and creating a cap bank under N.J.S.A. 40A:4-45.14.
The ordinance permits the township to increase final appropriations up to 3.5% in certain circumstances and to retain any amount not appropriated as an exception to final appropriations for either of the next two succeeding years. The Committee identified the increase as advisable to promote the health, safety and welfare of residents.
Mayor Sachs opened and closed the public hearing on the ordinance; no members of the public spoke. The ordinance requires that a certified copy be filed with the Director of the Division of Local Government Services within five days of adoption and, if adopted, that the recorded vote be filed with that Director within five days after adoption.
The action adds budget authority but does not itself appropriate specific line-item spending; officials said the amount may be retained as an exception (a cap bank) for use in one of the next two budget years if unused. The ordinance was recorded for adoption in the meeting minutes.
